Office equipment maker Xerox Corp. on Thursday said its profit rose 79 percent in the fourth quarter on a mix of cost controls and growth in equipment financing and services, though its outlook for the first quarter was partly below Wall Street expectations.
The company posted net income of $382 million, or 41 cents per share, compared to a year-earlier profit of $214 million, or 22 cents per share. Revenue rose to $4.88 billion from $4.38 billion a year earlier.
Analysts polled by Thomson Financial on average expected earnings of 41 cents per share on revenue of $4.83 billion. Read more
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The company posted net income of $382 million, or 41 cents per share, compared to a year-earlier profit of $214 million, or 22 cents per share. Revenue rose to $4.88 billion from $4.38 billion a year earlier.
Analysts polled by Thomson Financial on average expected earnings of 41 cents per share on revenue of $4.83 billion. Read more
More...